Biotricity Announces 2021 Uplisting Strategy to Major Exchange

Rhea-AI Summary

Biotricity, Inc. (OTCQB:BTCY) has initiated its strategy to uplist to a major exchange in 2021, highlighting its commitment to enhance shareholder value. The company has submitted an application for listing, aiming to align its capital needs with growth potential in a market exceeding $3 billion in annual sales. CEO Waqaas Al-Siddiq reaffirmed the company's plans to broaden its investor base and capitalize on market opportunities as they progress towards uplisting.

Positive

• Application filed for uplisting to a major exchange, indicating growth strategy.
• Addressable market exceeds $3 billion in annual sales, suggesting robust growth potential.
• CEO's commitment to maximizing shareholder value.

Negative

• No guarantee of successful uplisting, as the process involves significant risks.
• Potential challenges in obtaining additional financing.
• Lengthy product development timeline may hinder progress.

REDWOOD CITY, CA / ACCESSWIRE / May 25, 2021 / Biotricity, Inc. (OTCQB:BTCY) ("Biotricity" or the "Company"), a medical diagnostic and consumer healthcare technology company, is pleased to announce that it has begun executing on its strategy towards an uplist to a National Exchange in 2021. Waqaas Al-Siddiq, CEO of Biotricity previously mentioned this as a top priority for 2021.

The company has filed an application to be listed on a major exchange as the first step towards the qualifying process. Biotricity is proceeding in a prudent fashion to maximize long-term shareholder value by carefully matching its capital needs to maximize growth potential. Based on the expanding size of its addressable market, which is now in excess of $3 billion in annual sales, Biotricity believes it is well positioned to capitalize on this attractive market opportunity.

"I am providing this update today to inform investors that we are currently on track to achieve our goal of uplisting to a major exchange in 2021 and to assure investors that we have a plan in place to maximize our use of capital," explained Biotricity CEO and Founder, Dr. Waqaas Al-Siddiq. We believe that the uplisitng will allow the Company to potentially expand its exposure and investor base and represents the next phase of the Company's evolution. I look forward to updating everyone on this exciting process as it progresses."

About Biotricity Inc.

Biotricity is reforming the healthcare market by bridging the gap in remote monitoring and chronic care management. Doctors and patients trust Biotricity's unparalleled standard for preventive & personal care, including diagnostic and post-diagnostic products for chronic conditions. The company develops comprehensive remote health monitoring solutions for the medical and consumer markets. To learn more, visit www.biotricity.com.

Important Cautions Regarding Forward-Looking Statements

Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements, including but not limited to the Company's guidance with respect to its fiscal year ended financial results and its financial expectations for future quarters. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "should," "would," "will," "could," "scheduled," "expect," "anticipate," "estimate," "believe," "intend," "seek," "project," or "goal" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements may include, without limitation, statements regarding (i) the plans, objectives and goals of management for future operations, including plans, objectives or goals relating to the design, development and commercialization of Bioflux or any of the Company's other proposed products or services, (ii) a projection of income (including income/loss), earnings (including earnings/loss) per share, capital expenditures, dividends, capital structure or other financial items, (iii) the Company's future financial performance, (iv) the regulatory regime in which the Company operates or intends to operate and (v) the assumptions underlying or relating to any statement described in points (i), (ii), (iii) or (iv) above. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the Company's inability to obtain additional financing, the significant length of time and resources associated with the development of its products and related insufficient cash flows and resulting illiquidity, the Company's inability to expand the Company's business, significant government regulation of medical devices and the healthcare industry, lack of product diversification, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company's failure to implement the Company's business plans or strategies. These and other factors are identified and described in more detail in the Company's filings with the SEC. The Company assumes no obligation to update any forward-looking statements to reflect any event or circumstance that may arise after the date of this release. There cannot be any assurance that the Company will win any award.

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Contacts:

Investor Relations:
Biotricity Inc.
1-800-590-4155
investors@biotricity.com

Todd Kehrli or Mark Forney
MKR Investor Relations, Inc.
btcy@mkr-group.com

SOURCE: Biotricity, Inc.

View source version on accesswire.com:
https://www.accesswire.com/648951/Biotricity-Announces-2021-Uplisting-Strategy-to-Major-Exchange

FAQ

What is Biotricity's uplisting strategy for 2021?

Biotricity aims to uplist to a major exchange to enhance its visibility and shareholder value.

How is Biotricity planning to capitalize on its market size?

The company identifies an addressable market exceeding $3 billion annually, focusing on aligning capital needs with growth.

What are the risks associated with Biotricity's uplisting?

Risks include the uncertainty of obtaining financing and challenges in product development timelines.

Who is the CEO of Biotricity and what is his role in the uplisting?

Waqaas Al-Siddiq is the CEO, emphasizing the importance of uplisting for expanding investor base and maximizing capital use.

What should investors know about Biotricity's financial expectations?

Investors should be aware of potential risks in forward-looking statements and the need for additional financing.